Minnesota Commercial Association Of Realtors Inc
- Assets
- $237.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 41-1772159
Organization Overview
Minnesota Commercial Association Of Realtors Inc is located in Edina, MN. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Commercial Association Of Realtors Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Minnesota Commercial Association Of Realtors Inc generated $109.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $95.0k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MN COMMERICAL ASSOCIATION OF REALTORS PROVIDES ACCURATE INFORMATION AND FUTURE-FOCUSED EDUCATION AND COOPERATION AMONG MINNESOTA COMMERCIAL REALTORS, IN ORDER TO DEVELOP STANDARDS OF CONDUCT, LEADERSHIP AND ADVANCEMENT. MNCAR'S VISION IS TO BE THE PREEMINENT RESOURCE CONNECTING KNOWLEDGEABLE COMMERCIAL REAL ESTATE BROKERS IN MINNESOTA. WE AIM TO SERVE AS A FLAGSHIP TO OTHER REAL ESTATE ASSOCIATIONS AND TO PROVIDE INDUSTRY LEADERSHIP NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Flicek Director | 1 | $0 | |
Eric O'brien Director | 1 | $0 | |
Mike Bobick President | 1 | $0 | |
Rob Davis Immediate Past President | 1 | $0 | |
Matthew Anfang Executive Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $108,588 |
| Investment income | $541 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,129 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,295 |
| Professional fees and other payments to independent contractors | $2,895 |
| Occupancy, rent, utilities, and maintenance | $4,914 |
| Printing, publications, postage, and shipping | $30 |
| Other expenses | $33,875 |
| Total expenses | $95,009 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $228,652 |
| Other assets | $0 |
| Total assets | $237,168 |
| Total liabilities | $83,577 |
| Net assets or fund balances | $153,591 |